Dollar works out divergence. Forecast as of 25.01.2024

A strong economy means a strong currency. And the US dollar has proven it again. At first, it weakened against the euro based on European PMI data, but then it recovered. Let's talk about this topic and draw up a EURUSD trading plan.

Weekly US dollar fundamental forecast

The economic growth gap again supports the US dollar. While European Purchasing Managers' Indexes are below the critical level of 50 for the eighth consecutive month, which suggests a recession, US services PMI soars to 52.9, its highest level since June. If anyone was betting on a EURUSD rally as a result… Read full author’s opinion and review in blog of #LiteFinance